Apologies for not having posted on the two big economic issues of the week in Australian politics: the NAIRU and the Garnaut interim report. Just one of those weeks, I’m afraid. Fortunately, Joshua Gans and John Quiggin (inter alia) have provided characteristically well-informed commentary on the two issues.

One Response to And he calls himself an ozeconblogger?

I went to a presentation looking at the relative (modelled) effects on electricity prices of a national cap and trade scheme and a national baseload and credit scheme. According to this modelling, a cap and trade scheme leads to much higher federal treasury revenues than the baseload and credit scheme, and it was suggested that this was why governments are much more interested in these schemes than alternatives. It will be interesting to see the form of the national emissions trading scheme that emerges.